147 B-schools shut down during 2013-14; AICTE issues list

The management programmes education in India is loosing its shine day by day.

The All India Council for Technical Education (AICTE), New Delhi has released that, around 147 B-schools in India has closed their doors, during 2013-14.

Figures shows that these are the B-schools and MBA offering engineering institutions has been closed down.

The number of institutions offering PGDM (Postgraduate Diploma in Management) has been closed down from 606 to 600.

Maharashtra state is in the first place in closing the B-schools with 24 colleges. Tamil Nadu is in second position with 23 colleges closure followed by Andhra Pradesh with 19.

Among the other states, only Bihar, Jharkhand and Kerala have shown growth by adding new institutions.

The reason for closure is because of lack of facilities. The decrease in number had started couple of years ago after the dip in the number of registration for Common Admission Test (CAT), Common Management Admission Test (CMAT) and respective state management entrance exams.

The Director of Great Lakes Institute of Management, T N Swaminathan said "For instance, of the 1.93 lakh candidates who registered for CAT this year only 1.53 lakh took the exam. Some who paid did not take the exams. And those who took the exam are choosy so reputed B-schools are not affected but others are."